We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 24 May 17
LR MARKET IT SEEMS THAT EARNINGS ARE STILL UNDER PRESSURE - INTERMODAL
 As we are approaching the summer season, the Clean Product market appears poised to become more challenging, either on East or West of Suez.
Looking towards the East of Suez and in particular the Middle Eastern Clean MRs over the previous week, we notice that quite healthy activity has pushed rates slightly up. This led to short hauls cross MEG at mid-high $100k levels, which translates to a $20k increase from the previous week. Distillates to E. Africa moved up at around WS137 (basis 35,000mt), whereas Naphtha lifts ex-WC India to Japan firmed and settled around WS122 levels. However, deliveries to UK Continent remained at mid $800k levels, which is quite stable.
Quite healthy activity was also noticed in the North Far East clean MR market. Routes from S. Korea to Singapore improved to high $200k levels along with similar trades in Northern Far East short haul voyages. Moreover, the S. Korea to E.C Australia route also firmed at around WS180 (basis 35,000mt) , while if healthy demand resumes this week we might witness even better rates in the Northern Asian trade. On the contrary, South Asia activity softened. More specifically, cross-Singapore traded at around $90k to $95k levels and Singapore to S. China routes are still trading at low-mid $200k levels with tonnage availability not assisting recovery in the sector.
Moving on to the LR market it seems that earnings are still under pressure with charterers gaining additional market control in the past days. TC1 (MEG/Japan) traded at around WS90 levels (basis 75,000mt) and TC5 (MEG/Japan) at around WS97 levels (basis 55,000mt), which translates to a decrease of around WS15 points for both segments in a week’s time. Deliveries to UK Continent for LR2s traded at around $1.3m levels and for LR1s at around $1.05m levels. It is therefore evident that the LR market seems unable to find a stable footing at least until the end of May also taking into consideration the beginning of the Ramadan by the end of this week.
On the other hand the Western clean MR market seems to be more promising over the past week, especially for the lifts ex ARA to Transatlantic voyages, as healthy business volumes together with a few replacements shrunk the tonnage list. Similar to the MRs, Handies also witnessed an upward movement that lead to cross Continent rates at around WS125 levels (basis 35,000mt) and Baltic lifts (basis 30,000mt) being fixed at around WS13- to WS132.5.
Continuing with the Mediterranean market, despite the fact that some action was witnessed over the past week, rates ended the week below WS135 levels, which translates to a decrease of WS5 points compared to previous weeks, with lifts ex Black Sea getting the usual w10 point premium.
Moving on to the Western LR1 marker, things have not been very exciting either, as lack of demand left freights sliding accordingly, with voyages from ARA to West Africa hovering at around WS100 points. Deliveries to the Middle East were at around $1.0m and to Singapore discharge at around $1.3m. The LR2 market also experienced even slower demand compared to previous weeks that led to freights ex ARA to MEG at $1.15m and $1.37m to Singapore discharge, enabling us to assess for a typical naphtha employment from MED to Japan at around $1.6m levels.
To conclude, even though refineries maintenance in the Far East has been completed and reasonably everyone is expecting more action ahead, our expectations remain fairly low especially for the Eastern Market, unless we witness significant signs of recovery on the bigger sizes.
By George Vastardis
Tanker Chartering Broker - CPP Desk
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed.
The benchmark price of Indonesian thermal coal de ...
Wednesday, 07 June 17
MARKET INSIGHT - PANOS MAKRINOS
2017 undoubtedly began with very optimistic signs for the future of the Oil & Gas industry on the back of the Vienna Agreement. OPEC and non-OP ...
Tuesday, 06 June 17
THE FREIGHT MARKET WAS CONTINUE TO TUMBLE THIS PAST WEEK
COALspot.com: The Freight market continued to tumble this past week, as BDI and cape index showed a negative trend week over week.
The Baltic ...
Friday, 02 June 17
THE WORLD COAL ASSOCIATION HAS RESPONDED TO THE WITHDRAWAL OF THE UNITED STATES FROM THE PARIS AGREEMENT
“This decision is the result of a failure to build a genuine coalition on climate action that recognises the role of all technologies, includ ...
Friday, 02 June 17
MOL SIGNS COAL TRANSPORT DEAL WITH THERMAL POWERTECH CORPORATION INDIA LIMITED
MOL Signs Coal Transport Deal with Thermal Powertech Corporation India Limited - Contributing to a Stable Power Supply in India -
Jun ...
|
|
|
Showing 2031 to 2035 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Australian Coal Association
- Bangladesh Power Developement Board
|
| |
| |
|
